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Nov 26, 2012 7:00pm EST
is where we're headed. here's know concession, my concession to free market prince pentagons. i can accept a cap on high-end deductions to raise revenues, it's not a real flat tax reform which would lower the rates which i would prefer, but can i live with the limited deduction thing with this one caveat. every single dollar of revenue increase must be devoted to deficit reduction and not higher spending. limited government and lower spending is itself a pro-growth tax cut so that's my caveat. you want to raise revenues, limit it to deficit reduction. do not permit it to go for higher spending. my free market caveat concession. anyway, president obama promised to pull out all the troops from afghanistan by 2014 and now the military is proposing a different course. keep 10,000 troops in theater for a longer period of time. this has some important political and financial implications. we will explain and explore next up. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options--
Nov 28, 2012 3:00pm EST
. by the way, the pentagon has to be included in that as well. the big challenge we face is practical and time. when speaker boehner has to get specific about revenues, it's going to be a lot of anguish on the republican side. what we're going to look at on medicare is whether what we're doing is reforming the subpoena and bringing down the cost or just passing that cost off on to beneficiaries by cutting their benefits back. that's going to be tough on the democratic side. >> how about wealthy people? what about means testing medicare? you willing to do that? somebody's got $1 million in the bank. should they get medicare? >> up to a point. >> they should get medicare? >> they should get medicare, and there should be means testing. we're doing that now. so the fact is a balanced deal is the only way we're going to go forward. now, i am not advocating we go over the cliff. my preference is to get it done right away. but will we be able to do that when up until the election it was an over my dead body approach on both sides? now we're hearing the speaker and both sides say the right things, but
Nov 26, 2012 1:00pm EST
that the money from business stays as it is. one of the foundations of our short term borrow pentagon. >> maybe it was a problem she thinks needs to be fixed but a lot of people in the industry think it doesn't need to be fixed, specifically the idea of pricing that could go day to day and off the dollar. priced at the market. >> exactly. they're talk about a floating map that doesn't work. if you move $2.7 trillion in assets to the bank's balance sheet, it could be an opaque marker. therefore maybe there's some type of reform necessary but not as far as she wanted. we're very interested to see what miss walter will do in the interim until theed a miss appoints a new -- >> why is that floating nab such a big thing? why do i care if it's 99.96 cents or it's 100.06 cents? >> great question. loss of principal. you put in $1 million overnight and you get that .996 overnight, you don't have a million dollars. investors won't utilize that investing tool anymore. it has to be preservation of capital and liquidity. that's what money funds are all about. >> they'd rather earn less at a bank than -- >> y
Search Results 0 to 2 of about 3